Samsung Electronics on Wednesday said its chipmaking facility in the Chinese city of Xi'an has returned to normal as the city has lifted a lockdown
The world's top maker of memory chips posted a 28% jump in operating profit in the July-September quarter to 15.8 trillion
Samsung Electronics accounted for nearly half of the global smartphone memory market in the first quarter of the year, a report showed on Thursday, as it tries to boost its presence in 5G devices
Samsung Electronics has developed an 8-nanometer (nm) process technology for radio frequency (RF) chips as the South Korean tech giant eyes to beef up its foundry service for 5G mobile semiconductors
Global monitor panel shipments declined in the first quarter of the year mainly due to Samsung Displays exit from the monitor LCD display manufacturing business and a shortage of semiconductors.
Samsung and other chipmakers with production facilities in the area had seen shutdowns due to severe weather on Feb 16
Samsung's US customers for its contract manufacturing chip business include Tesla Inc, Qualcomm Inc and Nvidia
The tech giant also said in the documents dated Feb. 26 that it is seeking combined tax abatements of $1.48 billion over 20 years from Travis County and the city of Austin
Intel's business model has come into question in recent years as the company lost its manufacturing lead to the Taiwanese and Korean companies
Samsung's operating profit jumped 23.5 per cent on-year to 8.15 trillion won in the second quarter of the year, but sales fell 5.6 per cent on-year to 52.97 trillion won over the cited period
The world's biggest supplier of certain memory chips on Tuesday will announce preliminary April-June revenue as well as operating profit.
Samsung only provides its estimates for its first-quarter revenue and operating profit on Tuesday, with details likely to be released later this month
The plant is expected to begin operation in the first half of 2020. The company's first Xian plant has been running since 2014
The company aims to create 15,000 production and research jobs over next decade to become the world leader
Samsung reported 2017 chip sales of $69 billion, blowing past Intel's $63 billion from last year